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    Ritchie SunHSBC

    Ritchie Sun's questions to NetEase Inc (NTES) leadership

    Ritchie Sun's questions to NetEase Inc (NTES) leadership • Q2 2025

    Question

    Ritchie Sun from HSBC asked for an evaluation of 'Marvel Rivals' performance and strategy following its Season 3 launch, and whether it has peaked. He also requested details on 'Sea of Venomance', including feedback from its first test, its planned monetization model, and its market potential.

    Answer

    Bill Pang, VP of Corporate Development, responded that 'Marvel Rivals' has seen an upward and stabilized trend in both DAU and revenue since its Season 3 launch, indicating the seasonal content strategy is effective. Regarding 'Sea of Venomance', he described it as a very important product slated for a 2026 launch and stated that more details would be shared closer to the release date.

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